Struggling Australian carrier Qantas on Thursday announced a major global alliance with Emirates that will involve moving its hub for European flights to Dubai from Singapore.
The 10-year tie-up, described by the airlines as the world's leading partnership, is part of Qantas's drive to turn around its fortunes after posting its first annual loss since privatisation in 1995 last month.
Subject to regulatory approval, it goes beyond codesharing to include coordinated pricing, sales and scheduling and a benefit-sharing model.
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